InvestorQ : Hi Diksha, any positions to book out for Thursday, 31 Dec? I have Ambuja Cements, M&M, UPL and Bectors positions. What do you suggest I should do?
indhumathi Sayani made post

Hi Diksha, any positions to book out for Thursday, 31 Dec? I have Ambuja Cements, M&M, UPL and Bectors positions. What do you suggest I should do?

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diksha shah answered.
3 weeks ago
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Yesterday, I had suggested to book out of Hindustan Copper and on SBI Cards to lighten positions. I am not giving any exit calls for 31 December as the F&O expiry is likely to keep the market volatile through the day and we could see some kind of pressure building up in the last hour of trade. Hence it is best to avoid any action for today.

Regarding the three stocks you have asked about i.e. Ambuja Cements, M&M and UPL; all the three stocks are quoting at a profit but my suggestion is that you wait out till the first week of January when you get a clearer picture on the stock. On Bectors I have suggested to average at lower levels and bring the costing to below the Rs.550 levels.

Here is what you need to do.

· UPL given at 460 (CMP-466) – Hold at Average Price

· Ambuja Cements at Rs.244 (CMP-253) – Hold at Averaged Price

· M&M at Rs.700 (CMP-719) – Hold at Averaged Price

· Bectors Foods at Rs.549 (CMP-514) – Average at current price

The three stocks you mentioned apart from Bectors have all been averaged at lower levels because there was the conviction in the fundamentals of the stock. The same story is likely to play out in Bectors also. You can trade accordingly.

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